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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 45,295 $ 31,330
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 678 1,136
Provision for credit losses 2,782 5,099
Stock-based compensation expense 3,748 3,223
Amortization of intangible assets 889 1,241
Origination of mortgage loans held for sale 0 1,318
Proceeds from sale of mortgage loans held for sale 0 1,344
Bank owned life insurance income (3,206) (2,711)
Deferred Income Tax Expense (Benefit) 913 899
Gain on sale of mortgage loans held for sale, net 0 (26)
Loss on sale of investment securities available for sale, net 10,741 18,839
Other 4,994 (13,712)
Gain on sale of premises and equipment 0 1,480
Net cash provided by operating activities 66,834 43,864
Cash flows from investing activities:    
Loan originations and purchases, net of payments (35,113) 342,880
Maturities and repayments of investment securities available for sale 94,976 92,146
Maturities and repayments of investment securities held to maturity 21,098 19,393
Purchase of investment securities available for sale (84,669) (33,132)
Purchase of premises and equipment (3,448) (2,657)
Purchase of bank owned life insurance (39) (39)
Proceeds from bank owned life insurance death benefit 502 1,157
Purchases of Federal Home Loan Bank stock (21,036) (58,829)
Proceeds from surrender of bank owned life insurance 5,091 0
Proceeds from sales of investment securities available for sale 141,682 241,968
Proceeds from redemption of Federal Home Loan Bank stock 32,101 46,022
Proceeds from sales of assets held for sale 0 7,459
Proceeds from sales of premises and equipment 52 50
Capital contributions to tax credit partnerships (57,745) (12,568)
Net cash provided (used) by investing activities 163,678 (41,910)
Cash flows from financing activities:    
Net increase in deposits 172,851 108,620
Proceeds from borrowings 467,400 1,319,710
Repayment of borrowings 712,400 1,437,710
Common stock cash dividends paid (24,499) (23,921)
Repurchase of common stock (5,473) (18,054)
Net cash used by financing activities (102,121) (51,355)
Net increase (decrease) in cash and cash equivalents 128,391 (49,401)
Cash and cash equivalents at beginning of period 117,100 224,973
Cash and cash equivalents at end of period 245,491 175,572
Supplemental disclosures of cash flow information:    
Cash paid for interest 69,716 84,048
Cash paid for income taxes, net of refunds 1,125 1,345
Supplemental non-cash disclosures of cash flow information:    
Investment in LIHTC partnership and related funding commitment 142 100
Right of use assets obtained in exchange for new operating lease liabilities 3,240 3,214
Transfers of premises and equipment classified as held for sale to prepaid expenses and other assets from premises and equipment, net 93 0
Transfer of Bank Owned Life Insurance to Prepaid Expenses and Other Assets Due to Surrender $ 8,463 $ 0